The debate around the environmental impact of the Bitcoin mining ecosystem is heating up once again as academics have provided a fresh dose of perspective on the subject. In an opinion piece written by Noah Smith, a former assistant finance professor turned columnist, took aim at the Bitcoin (BTC) mining industry in March, suggesting that the constantly growing energy … [Read more...] about Bitcoin’s carbon footprint hard to estimate
Bitcoins
Bitcoin’s average hash rate trending at a new high
Glassnode data shows that the hash rate on the Bitcoin network has reached a new peak Bitcoin miners are having a good run at present as data from Glassnode shows the hash rate on the network is swinging around a new all-time high. The on-chain analytics provider pointed out that the average hash rate peaked this week, crossing 178 Ehash/s (exa hashes per second). It is the … [Read more...] about Bitcoin’s average hash rate trending at a new high
ETH smashes records, Bitcoin’s brilliant quarter, PayPal’s big move
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekETH breaks record all-time high amid fresh price surgeEther? Record high! Binance Coin? Record … [Read more...] about ETH smashes records, Bitcoin’s brilliant quarter, PayPal’s big move
Uniswap’s daily fee generation tops Bitcoin’s by $1.7 million
The world’s top decentralized exchange, Uniswap, is currently beating out Bitcoin’s daily fee generation by more than 50%.According to the data tracking website, CryptoFees, the leading Ethereum-powered decentralized exchange Uniswap has generated more than $4.8 million worth of fees over the past 24 hours. This has propelled the automated market maker into second place above … [Read more...] about Uniswap’s daily fee generation tops Bitcoin’s by $1.7 million
Stock-to-flow creator doesn’t think Bitcoin’s bull market is done
Bitcoin’s price seems to have stalled below $60,000 after attaining new all-time highs earlier in March. PlanB, a crypto analyst active on Twitter, thinks Bitcoin (BTC) may still have a lot of room to gallup however. “IMO we are only ~4 months into the bull market and nowhere near the end of it,” PlanB tweeted on Friday. “Bitcoin is just getting started,” he added, showing … [Read more...] about Stock-to-flow creator doesn’t think Bitcoin’s bull market is done